Market Size of uk outdoor led lighting Industry
Study Period | 2017 - 2030 | |
Market Size (2024) | USD 440.9 Million | |
Market Size (2030) | USD 648.1 Million | |
Largest Share by Outdoor Lighting | Public Places | |
CAGR (2024 - 2030) | 6.63 % | |
Fastest Growing by Outdoor Lighting | Public Places | |
Major Players |
||
|
||
*Disclaimer: Major Players sorted in no particular order |
UK Outdoor LED Lighting Market Analysis
The UK Outdoor LED Lighting Market size is estimated at 440.9 million USD in 2024, and is expected to reach 648.1 million USD by 2030, growing at a CAGR of 6.63% during the forecast period (2024-2030).
440.9 Million
Market Size in 2024 (USD)
648.1 Million
Market Size in 2030 (USD)
2.89 %
CAGR (2017-2023)
6.63 %
CAGR (2024-2030)
Largest Segment by Outdoor Lighting
80.82 %
value share, Public Places, 2023
The total sales of LED in this category were expected to reach 248.6 million by the end of 2023. Alton Towers is the UK's largest theme park, with 10 theme areas spread over 910 hectares.
Fastest-growing Segment by Outdoor Lighting
7.12 %
Projected CAGR, Public Places, 2024-2030
Public places is the fastest growing segment, and it is projected to record a CAGR of 6.52%. Heathrow Airport's LED modernization was carried out in collaboration with Glamox Luxo Lighting.
First Leading Market Player
10.30 %
market share, Signify Holding (Philips), 2022
Signify Holding (Philips) has the highest market share in the United Kingdom because of its new product developments. In August 2022, Signify introduced an A-class LED tube, which consumes 60% less energy than a standard Philips LED.
Second Leading Market Player
9.76 %
market share, Thorlux Lighting (FW Thorpe Plc), 2022
Thorlux Lighting has the second-highest market share in the United Kingdom. It is positioned as one of the region's prominent UK exterior contract lighting manufacturers. It registered EUR 78.9 million in revenue in 2022.
Third Leading Market Player
4.67 %
market share, LEDVANCE GmbH (MLS Co Ltd), 2022
LEDVANCE GmbH was the third largest market player in the UK, accounting for 4.67% market share in 2022. LEDVANCE is very well-positioned in the United Kingdom to meet the needs with its human-centric lighting system linked to VIVARES.
Increase of LED lights in parking lots and strategic developments by manufacturers to drive the growth of LED lighting market
- In 2023, public places had the largest share in terms of both volume and value, followed by streets and roadways, and others. The use of LED lighting is expected to offer significant cost savings due to its inherent energy efficiency, which can have a positive impact on the growth of the market. Efforts are being made to promote the green revolution and reduce the sale of incandescent and halogen bulbs in the United Kingdom.
- LED lighting is eco-friendly and durable, making it highly in demand for installations. Specific projects, such as the UK parking lot lighting LED project, are being implemented to improve the use of LED lighting. In this project, 90 80-watt parking lot lights are installed at a height of 8 meters to illuminate the entire parking lot and ensure vehicle safety evenly. These developments will meet the growing demand for LED lighting in the coming years. Market players are investing heavily to improve existing technology by expanding the spectrum and enhancing the output and quality of LED light.
- Cyclone Lighting, a reputable manufacturer of outdoor lighting, announced the launch of the Elencia lamp in May 2023. Additionally, in November 2018, Osram introduced the Osconiq S3030 to the professional mid-power market. These LEDs are ideal for outdoor lighting and industrial lighting, are of high quality, and can withstand harsh conditions without losing durability.
- Further, the growing investments in road construction projects drive the demand for outdoor lighting products. In the 2023/2024 financial years, National Highways has allocated GBP 103 million (USD 103.70 million) for road renewal and improvement projects across roads, bridges, and walking paths in Southwest England.
UK Outdoor LED Lighting Industry Segmentation
Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting.
- In 2023, public places had the largest share in terms of both volume and value, followed by streets and roadways, and others. The use of LED lighting is expected to offer significant cost savings due to its inherent energy efficiency, which can have a positive impact on the growth of the market. Efforts are being made to promote the green revolution and reduce the sale of incandescent and halogen bulbs in the United Kingdom.
- LED lighting is eco-friendly and durable, making it highly in demand for installations. Specific projects, such as the UK parking lot lighting LED project, are being implemented to improve the use of LED lighting. In this project, 90 80-watt parking lot lights are installed at a height of 8 meters to illuminate the entire parking lot and ensure vehicle safety evenly. These developments will meet the growing demand for LED lighting in the coming years. Market players are investing heavily to improve existing technology by expanding the spectrum and enhancing the output and quality of LED light.
- Cyclone Lighting, a reputable manufacturer of outdoor lighting, announced the launch of the Elencia lamp in May 2023. Additionally, in November 2018, Osram introduced the Osconiq S3030 to the professional mid-power market. These LEDs are ideal for outdoor lighting and industrial lighting, are of high quality, and can withstand harsh conditions without losing durability.
- Further, the growing investments in road construction projects drive the demand for outdoor lighting products. In the 2023/2024 financial years, National Highways has allocated GBP 103 million (USD 103.70 million) for road renewal and improvement projects across roads, bridges, and walking paths in Southwest England.
Outdoor Lighting | |
Public Places | |
Streets and Roadways | |
Others |
UK Outdoor LED Lighting Market Size Summary
The UK Outdoor LED Lighting Market is poised for significant growth, driven by the increasing demand for energy-efficient and eco-friendly lighting solutions. The market is experiencing a shift towards LED technology due to its durability and cost-saving benefits, aligning with the country's green revolution initiatives. Public spaces, streets, and roadways are the primary segments contributing to the market's expansion. The government's efforts to phase out incandescent and halogen bulbs further bolster the adoption of LED lighting. Notable projects, such as the UK parking lot lighting initiative, exemplify the ongoing transition to LED systems, enhancing safety and efficiency. The market is characterized by substantial investments in technological advancements, with key players like Cyclone Lighting and Osram introducing high-quality LED products designed to withstand harsh conditions. The growing infrastructure projects, including road renewals and stadium upgrades, are expected to drive the demand for outdoor LED lighting, supporting the market's robust growth trajectory.
The market landscape is competitive, with major players such as LEDVANCE GmbH, NVC INTERNATIONAL HOLDINGS LIMITED, Signify Holding, Thorlux Lighting, and Thorn Lighting Ltd. holding significant shares. The increasing number of vehicles, including electric and hybrid models, is anticipated to boost the demand for LED lighting solutions in the automotive sector. Additionally, the residential real estate market's activity and the rise in housing stock contribute to the market's expansion. The UK's bid to host Euro 2028 and the subsequent stadium upgrades further underscore the growing need for advanced lighting systems. Innovations in smart lighting technologies, such as Signify's WiZ smart lighting system, highlight the industry's focus on enhancing user convenience and energy efficiency. As the market continues to evolve, the integration of LED lighting in various sectors is expected to play a pivotal role in achieving sustainability and energy conservation goals.
UK Outdoor LED Lighting Market Size - Table of Contents
-
1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
-
1.1 Outdoor Lighting
-
1.1.1 Public Places
-
1.1.2 Streets and Roadways
-
1.1.3 Others
-
-
UK Outdoor LED Lighting Market Size FAQs
How big is the UK Outdoor LED Lighting Market?
The UK Outdoor LED Lighting Market size is expected to reach USD 440.94 million in 2024 and grow at a CAGR of 6.63% to reach USD 648.10 million by 2030.
What is the current UK Outdoor LED Lighting Market size?
In 2024, the UK Outdoor LED Lighting Market size is expected to reach USD 440.94 million.